WM vs. SMH
WM (Waste Management, Inc.) is a stock, while SMH (VanEck Semiconductor ETF) is Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Over the past 10 years, WM returned 15.19%/yr vs 37.85%/yr for SMH. At a 0.30 correlation, their price movements are largely independent.
Performance
WM vs. SMH - Performance Comparison
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Returns By Period
In the year-to-date period, WM achieves a 0.43% return, which is significantly lower than SMH's 72.73% return. Over the past 10 years, WM has underperformed SMH with an annualized return of 15.19%, while SMH has yielded a comparatively higher 37.85% annualized return.
WM
- 1D
- 2.59%
- 1M
- 0.87%
- YTD
- 0.43%
- 6M
- 0.15%
- 1Y
- -5.27%
- 3Y*
- 11.43%
- 5Y*
- 11.30%
- 10Y*
- 15.19%
SMH
- 1D
- -7.01%
- 1M
- 7.93%
- YTD
- 72.73%
- 6M
- 71.29%
- 1Y
- 138.23%
- 3Y*
- 62.28%
- 5Y*
- 38.18%
- 10Y*
- 37.85%
WM vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WM Waste Management, Inc. | 0.43% | 10.50% | 14.28% | 16.20% | -4.49% | 43.82% | 5.46% | 30.45% | 5.32% | 24.46% |
SMH VanEck Semiconductor ETF | 72.73% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Correlation
The correlation between WM and SMH is -0.35, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2000 | 0.30 |
The correlation between WM and SMH shifts across timeframes, from -0.35 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WM vs. SMH — Risk / Return Rank
WM
SMH
WM vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Waste Management, Inc. (WM) and VanEck Semiconductor ETF (SMH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WM | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.26 | ||
| Sortino ratioReturn per unit of downside risk | -4.31 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.58 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 9.31 | -9.63 |
| Martin ratioReturn relative to average drawdown | -0.68 | 33.88 | -34.56 |
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Drawdowns
WM vs. SMH - Drawdown Comparison
The maximum WM drawdown since its inception was -77.85%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for WM and SMH.
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Drawdown Indicators
| WM | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.85% | -84.96% | +7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -14.93% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -35.74% | +17.60% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -45.30% | +27.16% |
Max Drawdown (10Y)Largest decline over 10 years | -30.07% | -45.30% | +15.23% |
Current DrawdownCurrent decline from peak | -10.49% | -7.01% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -17.68% | -41.01% | +23.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 4.10% | +3.63% |
Volatility
WM vs. SMH - Volatility Comparison
The current volatility for Waste Management, Inc. (WM) is 6.58%, while VanEck Semiconductor ETF (SMH) has a volatility of 19.08%. This indicates that WM experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WM | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 19.08% | -12.50% |
Volatility (6M)Calculated over the trailing 6-month period | 14.22% | 29.18% | -14.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.24% | 34.87% | -15.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 35.83% | -17.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 32.97% | -13.40% |
Dividends
WM vs. SMH - Dividend Comparison
WM's dividend yield for the trailing twelve months is around 1.62%, more than SMH's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMH VanEck Semiconductor ETF | 0.18% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
WM Waste Management, Inc. | 1.62% | 1.50% | 1.49% | 1.56% | 1.66% | 1.38% | 1.85% | 1.80% | 2.09% | 1.97% | 2.31% | 2.89% |
Frequently Asked Questions
WM and SMH have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMH has higher volatility (19.08%) compared to WM (6.58%). In terms of maximum drawdown, WM dropped -77.85% vs SMH's -84.96%.
SMH currently has the higher Sharpe Ratio (3.99 vs -0.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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